Crypto company BlockFi declares bankruptcy in the first big aftershock of FTX's fall
BlockFi was one of the companies that FTX bailed out in recent months. Now it's a clear sign that contagion from FTX's collapse is spreading throughout the crypto industry.
Updated November 28, 2022 at 1:20 PM ET
Another crypto company has fallen, as contagion from the collapse of cryptocurrency exchange FTX spreads across the industry: BlockFi says it has filed for bankruptcy.
Lender BlockFi was one of a handful of companies FTX bailed out in recent months, and its prospects worsened considerably as FTX imploded.
A little more than two weeks ago,
